The ongoing bleed in FUM isn't exactly surprising, you can see that built into analyst estimates whom are not expecting things to turnaround until FY25:
Whilst there are risks, there are also opportunities, the forward 2 year earnings multiple (currently the expected FY24 trough) is near the lowest on record for MFG:
If that FY24 earnings expectation can stabilised and there is a return to expected growth in the future, there is an easy 80% gain just for MFG to return to a more normal earnings multiple.
Of course chasing that potential gain comes with significant risk, but for me, it's worth the bet.
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- Ann: Funds Under Management - June 2022
Ann: Funds Under Management - June 2022, page-41
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Last
$9.92 |
Change
0.070(0.71%) |
Mkt cap ! $1.793B |
Open | High | Low | Value | Volume |
$9.81 | $9.96 | $9.74 | $4.954M | 500.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 251 | $9.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.92 | 1304 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 251 | 9.910 |
1 | 5000 | 9.890 |
2 | 2000 | 9.880 |
2 | 2309 | 9.870 |
3 | 8465 | 9.860 |
Price($) | Vol. | No. |
---|---|---|
9.920 | 1304 | 2 |
9.940 | 3414 | 3 |
9.950 | 3655 | 4 |
9.960 | 2276 | 3 |
9.970 | 1125 | 2 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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